News / Egypt
Eastern Libyan State Oil Company Signs Deal with Egypt
The state oil company of Libya’s eastern government has completed a deal to sell 2m barrels of oil to Egypt.
Egyptian Banks to Co-Finance Siemens Power Plants
The Egyptian Electricity Holding Company has signed a loan contract with a consortium of 10 Egyptian banks worth EGP10b ($1.2b) to partially finance three new power plants to be built by German firm Siemens.
President Sisi Meets with OAPEC Ministers
President Abdul Fattah El-Sisi met with ministers and delegates from member states of the Organization of Arab Petroleum Exporting Countries (OAPEC) to discuss regional energy issues.
Saudi Pledges New Investments, Oil Support for Egypt
Saudi Arabia and Egypt signed an agreement that will renew kingdom's economic support for Cairo via oil assistance and additional $8b worth of investments in the next five years.
Former Minister: Official Cost for Liter of Gasoline EGP7
The official cost for a liter of gasoline in Egypt is EGP7, said Osama Kamal, the former Minister of Petroleum. Egypt Hosts OAPEC Conference
Egypt hosted the 95th Organization of Arab Petroleum Exporting Countries (OAPEC) ministerial meeting on December 20th.
EGPC: New Mechanisms to Rationalize Energy Subsidies
The EGPC is implementing new plans to rationalize energy subsidies for the current budget without raising fuel prices in the local market.
Electricity Ministry Requests Greater Financial Support to Pay EGPC
The Ministry of Electricity has sent an official letter to the Ministry of Finance requesting an extra EGP500m per month to be able to better pay its debts to the EGPC.
